To keep these recent achievements in mind, HTX DAO performed a large token burn on July 15, eliminating a total of 11,796,322,511,974.72 $HTX tokens. The value of the destroyed tokens was more than $22.17 million. This action aligns with HTX DAO’s pledge to conduct quarterly burns. Further, it continues progress toward the strategic goal of developing a robust, scarcity-based token economic model.
HTX DAO, a cross-chain decentralized autonomous organization that stewards the HTX ecosystem, actively redirects 50% of its platform revenue. This revenue is immediately applied to the token burn process. As of Q1 2024, HTX DAO has burned approximately 72.76 trillion $HTX tokens since inception. This action amounts to an incomprehensible value of $136 million. The date of the next burn will be 15 October 2025.
On July 4, HTX DAO launched a new white-list recommending channel, enabling its community to recommend potential high-quality projects. There are a few ways for users to propose projects that improve community participation in the listing process.
These tactics have ranged from posting a special thread on the HTX DAO forums to showcase proposals in detail. Community members were allowed to weigh in through HTX App’s community discussion feature to help vet potential projects. Constituents are encouraged to take to X, the platform formerly known as Twitter, using the hashtag #HTXVoteToList to rally support for their preferred projects.
HTX DAO is currently in a process of improvement and recently initiated a token burn. They’re rolling out a community listing recommendation channel to increase community engagement. By decreasing the overall token supply, HTX DAO seeks to raise the value of the remaining tokens, providing significant benefits to its holders. With this new listing recommendation channel, the community now has a dedicated line to influence and help shape what is available on the platform.
